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Required Information The following information applies to the questions displayed below] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a
Required Information The following information applies to the questions displayed below] Pro-Weave manufactures stadium blankets by passing the products through a weaving department and a sewing department. The following information is available regarding its June inventories: Beginning Inventory 156,000 355,000 Ending Inventory $ 245,000 425,000 Raw materials inventory Work in process inventory- Weaving Work in process inventory- Sewing Finished goods inventory 735,000 1,426,000 970,000 1,326,000 The following additional information describes the company's manufacturing activities for June: $ 665,000 3,120,000 198,000 $ 284,000 132,000 170,000 Raw materials purchases (on credit) Factory payroll cost (paid in cash) Other factory overhead cost (Other Accounts credited) Materials used Direct-Weaving Direct-Sewing Indirect Labor used Direct-Weaving Direct-Sewing Indirect Overhead rates as a percent of direct labor Weaving Sewing Sales (on credit) $1,375,000 445,000 1,625,000 80% 170% $4,350,000 Required information View transaction list Journal entry worksheet Record the goods transferred from weaving to sewing. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal
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